Frontier Enterprises Sells Industrial Property In Adelanto For $5.5M

Frontier Enterprises has sold a 29,925-square-foot industrial property in Adelanto for $5.5 million. The property, located at 9841 Bartlett Ave, is in the Adelanto market. The asset type of the property is industrial, making it suitable for commercial and manufacturing activities. The sale was facilitated by brokers Jim Root and Matthew Hardke from Graystone. The property was fully leased by General Dynamics Information Technology, a leading aerospace and defense corporation. The lease agreement includes a triple-net, three-year base term with annual increases and options to extend. The industrial space will be occupied by General Dynamics Information Technology once completed. Additionally, Frontier Enterprises is considering built-to-suit options for potential buyers and tenants.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $5,500,000
• Square Footage: 29,925
• Address: 9841 Bartlett Ave, Adelanto
• Market: Adelanto

The sale of the industrial property was brokered by Jim Root and Matthew Hardke from Graystone. The transaction highlights the successful collaboration between Frontier Enterprises, the seller, and General Dynamics Information Technology, the tenant. The deal demonstrates the demand for industrial spaces in Adelanto, as well as the strong presence of General Dynamics Information Technology in the aerospace and defense industry.